The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to reduce risk in large cap stocks. Among the index's contributors, Tencent was a major drag, with its shares falling by around 2.3%, putting pressure on the technology sector, which has recently been a driving force behind market gains. Weakness in large cap companies like this typically quickly impacts sentiment due to their significant weighting in...
The Nikkei 225 fell 0.5% to below 41,300 on Monday, while the broader Topix Index slipped 0.15% to 2,948, marking a second consecutive session of losses as investors turned cautious ahead of a busy week for corporate earnings. Major firms set to report this week include Advantest, Keyence, Tokyo Electron, Nintendo, ANA Holdings, and Japan Airlines. Investors also continued to assess the impact of the US-Japan trade deal on Japan's export-reliant economy and industries. Meanwhile, attention shifted to upcoming US-China trade talks, set to begin later today in Stockholm, amid hopes for a...
The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
European stocks closed mostly lower on Friday (July 25th) as markets continued to monitor the latest corporate earnings reports while awaiting the latest developments in trade relations between the European Union and the US. The STOXX 50 edged higher to 5,360, and the STOXX 600 fell 0.3% to 550, weighed down by the heavier industrial and healthcare sectors. Schneider Electric and Airbus each fell more than 1% ahead of their earnings reports next week, creating negative conditions for industrial giants. Additionally, ASML and Nokia each fell around 1.5%, with Nokia continuing to weaken after...
US stocks were flat to higher on Friday, following record-high closes for both the S&P 500 and the Nasdaq the previous day. The three major averages are on track to end the week over 1% higher. Market sentiment remained cautiously optimistic amid hopes that new trade agreements—particularly with the EU—could be finalized before the August 1st deadline, potentially easing tariff rates. Adding to investor relief, President Trump appeared to soften his tone toward Federal Reserve Chair Jerome Powell, helping to ease concerns about the Fed's independence. Health and materials were the top...
The Hang Seng Index fell 1.1% at 25,388.35 in Hong Kong. The move was the biggest since falling 2% on June 19 and follows the previous session's increase of 0.5%. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 1.9%. Kuaishou Technology had the largest drop, falling 4.9%. Today, 63 of 85 shares fell, while 20 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg